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CHANGING YOUR BUSINESS DURING TESTING TIMES

Are you facing unprecedented times with your business right now? Rest assured, you’re not alone in this. So many entrepreneurs are having to change their business strategies whilst we work through this global pandemic together.

When you set up a new company, you will already be aware of the business risks that are ahead of you. However prepared you are in the initial stages, nothing will have prepared you for something like this.

Adopting a positive mindset is the best way to approach this situation. Instead of putting business to a halt altogether, here are a few ways that changing your business during testing times can create positive outcomes.

Can You Find a New Angle?

If you own a non-essential store that has had to close in the past couple of months, then business might be pretty quiet for you right now. Even if the local authorities have caused you to close down, you could easily find a new angle that still serves your clients.

Let’s say you own a local flower store that isn’t open right now, but you still have a garden full of fresh blooms to be picked. You could offer a delivery service to your local community and leave fresh flowers on their doorsteps. You should make sure to compare quotes for your van so that you’re fully insured to do this. You could say this is the perfect example of a pivot for a local business right now.

Do You Need to Take Time to Enhance Your Knowledge?

If you know you have been struggling with a particularly tricky area of your business at this time, now is the moment to take all the time you have. Double down on your knowledge base and learn as much as you possibly can. You can find so many useful resources online; you may even be able to become a master at something you never had the skills to do before.

It is very easy to give up and become unproductive during these times, but you need to use this time carefully and learn as much as possible.

Learn How to Create Passive Income

If you don’t already have a passive income stream, now is the perfect time to come up with ideas. Membership sites and monthly subscriptions are definitely the best way to produce a stream of passive income for your business. Look into your options now and you will soon be able to recover financially.

Changing your business during these testing times can be worrying. Having a strong, positive and persistent mindset will help you to overcome anything that the world throws at you right now. Instead of taking a step back, now is the perfect time to dive into your business without fear.

As a society we have never been granted so much time to work on our businesses without the fast-paced normalities of life. Embrace this opportunity and find a whole host of positives from this situation. Your business will come out stronger in the end and you will be thankful that you persisted.

Changing Your Business During Testing Times

CHANGING YOUR BUSINESS DURING TESTING TIMES

Can You Find a New Angle?

Do You Need to Take Time to Enhance Your Knowledge?

Learn How to Create Passive Income

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